Due Diligence Questionnaires

For more nearly 30 years, AIMA has been providing guidance and standardisation for its members around the world in the form of Due Diligence Questionnaires (DDQs). 

Whether you are an investor looking for help in assessing your fund investments or a fund manager seeking resources to help choose a service provider or fund board, AIMA’s DDQs are on hand to help.  The AIMA Due Diligence Questionnaire Decision Tree below is designed to help users identify the 2025 DDQ template that will best suit their needs based on the answers to 3-5 short questions. 

Frequently Asked Questions

Please review the following FAQs before selecting you choice of DDQs from the list below. 

Who uses the DDQ and how does it fit into the overall DD process?

DDQs are used by investors from all around the world and by many of our asset manager members. For investors, the DDQ is an early step in the due diligence process but by no means is it the last step. Investors use the information they get from the responses to these questions to develop areas of focus for further questions and discussion with managers and to cross check information from other sources.

Why is it useful for there to be a standardised set of questions?

Standardised questions help investors compare like-for-like when they receive responses from multiple managers. Managers like standardised questions because it reduces the amount of work they have to do and helps them reassure investors that they are all receiving the same information.  Even in the absence of an investor request for information, a standard set of questions can be helpful for new managers who are seeking to assess their own practices against industry standards.

How will DDQ platforms verify whether my firm is a member and what happens to DDQs completed on the platform if my firm is no longer a member?

Our DDQs are licenced for use on a variety of third party platforms.  These platforms are required to verify that any use through the platforms is in line with the applicable Terms of Use.  This means that platform providers will be seeking validation from AIMA that either the platform user (the investor in the case of investor push systems or the manager in manager push systems).  The platform provider will send us the relevant firm name by email and we will respond with whether the firm is a member or not.  If not a member, the platform provider will be required to deny access to the our DDQ templates through the platform.

We will also notify the applicable platform providers when a previously verified user subsequently chooses not to renew.  This will mean that the platform provider will be required to discontinue future access to the template documents, although previously distributed forms of the DDQ completed during the period of membership are permitted to be maintained.

Can I still access and use the modules from the 2019 edition of the AIMA Illustrative Questionnaire for the Due Diligence of Investment Managers?

Yes.  You can still use the modules from the 2019 edition.  All of the information and access points for the 2019 modules is available via the link below.